Description: Part 2 proposes solutions to the second of three flaws of the current financial model to obtaining the fair value of the public sector employer’s pension benefit liability.

Description: In this paper, we derive three important longevity Greeks on the basis of an extended version of the Lee-Carter model that incorporates stochastic volatility.

Description: This paper suggests a possible framework for the mandatory annuitization of U.S. retirement savings, considers the experience of other countries and analyzes the advantages and disadvantages of mandatory annuitization.

Description: This study provides insight about what retirees and those nearing retirement age say about management of post-retirement risk and the use of various strategies for managing that risk.

Description: A labor union negotiator comments on the papers being presented at this symposium. From The Future of Pension Plan Funding and Disclosure Monograph, M-RS05-1.

Description: A response to the comments on the paper.

Description: Part 5 addresses various purposes for measuring a public sector pension liability and which measures have the most practical usefulness.

Description: This study seeks to understand what has already been done to date to determine how many people are at risk, how great that risk is, and what can be done to minimize it. In addition, this report explores solutions that may lay in changing individual behaviors. Since much of what happens in preparation for and during retirement is up to an individual, we want to understand what we know about individual behaviors and how we can influence them. In addition, it should also be recognized that solutions might lie in new public or employer policies or in new products for the marketplace. Although there have been some new products entering the market in recent years—like late retirement, or so-called longevity insurance—the development of new solutions has been slow and may be hampered by complex government regulations.

Description: The Aging and Retirement Strategic Research Program is pleased to make available a report summarizing the research phase of a multi-phase project leading to publication of a Conversation Guide to plan for changes in financial capacity and decision-making.

Description: The SOA and the CIA are pleased to make available a research report assessing the impact of Canadian Pension Plan (CPP) enhancements.